Transaction banking

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/Transaction banking

Ebury connects to Faster Payments with Form3

Form3, the cloud technology provider of Payments as a Service processing for banks and regulated fintechs, today announced that Ebury, one of the fastest growing fintechs for corporate global transaction services is now live with its real-time service on UK Faster Payments.

/Transaction banking

Funding Xchange concludes £1.5m funding round

Funding Xchange (FXE), the platform set to transform the small business finance scene, has raised £1.5M in Series A funding, led by Calibrate Management Ltd and Kimera.

/Transaction banking

MarketInvoice reaches £2b milestone

Business finance company MarketInvoice has today reached the landmark milestone of having advanced £2b worth of invoice finance and business loans to UK companies.

/Transaction banking

FSB publishes report on decline in correspondent banking; makes remittance recommendations

The Financial Stability Board (FSB) today published two reports as part of its work to assess and address the decline in correspondent banking relationships (1) a progress report on the FSB action plan to assess and address the decline in correspondent banking and (2) a stocktake on remittance service providers’ access to banking services, including recommendations to improve accessibility.

/Transaction banking

Accenture completes trial of ocean-going blockchain platform

A consortium comprising AB InBev, Accenture, APL, Kuehne + Nagel and a European customs organization has successfully tested a blockchain solution that can eliminate the need for printed shipping documents and save the freight and logistics industry hundreds of millions of dollars annually.

Emerging trends around regulatory risk and compliance

/Transaction banking

Emerging trends around regulatory risk and compliance

Stacey English, Head of Regulatory Intelligence, Thomson Reuters, talks about the latest cost of compliance trends around regulatory risk and compliance trends including the availability of budget and resources for firms investing in the future, what compliance challenges firms face and what impact technology in the remit of the compliance function is having in practice.

/Transaction banking

Ex-bankers launch global trade finance asset distribution platform

Former investment bankers Christoph Gugelmann and Nils Behling have launched Tradeteq, a cloud-based platform allowing trade finance originators and institutional investors to connect and transact.

/Transaction banking

Qupital Hong Kong strikes deal with Alibaba

Qupital, Hong Kong's first online invoice financing service provider, has formed a partnership with Alibaba.com, the leading wholesale marketplace for global trade, to strengthen its own invoice financing platform to facilitate trade for small and medium-sized enterprises (SMEs) in Hong Kong.

/Transaction banking

OFX releases developer portal with international payments API

Foreign currency exchange company OFX today announced the launch of a developer portal, designed to provide the global developer community with turn-key access to the company’s new International Payments API.

/Transaction banking

AccessPay receives £1m investment from NPIF

Manchester based AccessPay has received an investment from NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, consolidating its position as the fastest growing Fintech company outside of London.

/Transaction banking

Wyelands Capital acquires equity stake in Demica

Wyelands, the financial services pillar of Sanjeev Gupta’s GFG Alliance, has announced that Wyelands Capital has made a number of strategic investments and senior appointments to drive forward its rapid development as a financial services provider.

/Transaction banking

Vietcombank selects Finastra trade finance platform

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has selected Finastra to drive its digital transformation initiatives.

AI augmenting compliance processes

/Transaction banking

AI augmenting compliance processes

Jorg Schaper, Global Head of Proposition, KYC & Future Screening Platform, Thomson Reuters, talks about the main challenges organisations are facing with compliance screening, the impact of artificial intelligence and machine learning on KYC and AML compliance processes and how regulation and technology will evolve in the coming years.

/Transaction banking

9 Spokes signs contract with Bank of New Zealand

9 Spokes (ASX: 9SP or “the Company”), the leading Marketplace and Insights company to small businesses, is pleased to announce it has signed a pivotal contract with the Bank of New Zealand (“BNZ”), to provide a white-label version of the 9 Spokes platform.

/Transaction banking

Gresham hails full-year results as Clareti sales spike

Gresham, the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, is pleased to announce its results for the year ended 31 December 2017.

/Transaction banking

Abu Dhabi's ADGM publishes proposed regulatory framework for alternative finance providers

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) today published a discussion paper setting out its proposed regulatory framework for operators of financing platforms for non-public companies (Private Financing Platforms or PFPs).

KBC invites business clients to join international matchmaking platform

/Transaction banking

KBC invites business clients to join international matchmaking platform

Belgium-based KBC Bank has launched an online platform where its business clients can network with thousands of other companies from around the world.

Adoption of DLT presents significant operational challenges for Swift member banks

/Transaction banking

Adoption of DLT presents significant operational challenges for Swift member banks

Banking co-operative Swift has published the final results from its DLT proof of concept for Nostro reconciliation. While the PoC proved a resounding success, just don't expect a working solution anytime soon.

/Transaction banking

Oanda launches real-time spot FX rates API for treasury and fintech applications

A global leader in corporate and consumer foreign exchange solutions, OANDA recently released a new version of its trusted Exchange Rates API, which has been updated to include real-time currency rates.

/Transaction banking

Financial authorities set out action plan to arrest corbanking decline

The Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Market Infrastructures (CPMI), the Financial Action Task Force (FATF) and the Financial Stability Board (FSB) welcome the Correspondent Banking Due Diligence Questionnairerecently published by the Wolfsberg Group, as one of the industry initiatives that will help to address the decline in the number of correspondent banking relationships by facilitating due diligence processes.

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